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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?

To: KRosenfeld who wrote (7060)	12/11/1997 3:35:00 PM
From: Jim	Respond to of 20681

Ken, I share your thoughts on the stock price. Not that it means anything, but I have yet to meet anyone that has heard of this stock whenever I bring it up in conversation. Maybe it is a matter of exposure ? I also think (as someone else stated earlier) that the news is so GREAT that it is hard to believe it is true...I know it was for me. Any recent quotes ??? Thanks, Jim

To: KRosenfeld who wrote (7060)	12/11/1997 3:50:00 PM
From: Jan A. Van Hummel	Read Replies (1) \| Respond to of 20681

Ken, You are more positive today than you were 24 hours ago. How many shares did you add to your position today? Those of us, who have been with Naxos for a long time, have probably bought quite a bit over time, thereby reducing our ability to add on to our holdings now the good news is out. The real impetus IMHO will have to come from new investors, fresh money, to drive the stock higher. Those new investors are perhaps just about to learn about the exciting future of Naxos but it will take time to convince them. Given the amount of skepticism we have seen on this thread over the months even by the longs, you cannot expect everyone to jump at the opportunity before the news is well disseminated into the market place and perhaps get some endorsement from authoritative quarters. This takes time, but I am sure it will happen. The process will accelerate and really snowball when Ledoux certifies not only the gold but also the other PMs present. Also, when we had the last run-up to 10+ I ma sure some folks jumped on board only to live in agony since with the stock reaching an intermediate low of just over 5. I would venture that some of those will use any spike in prices to lighten up a little. JMHO Jan